Explore the latest Manba Finance IPO GMP, along with Kostak and Subject to Sauda rates, updated daily. The GMP for Manba Finance IPO hasn’t started yet—stay tuned for real-time updates!
Manba Finance IPO is set to open on September 23, aiming to raise ₹150.84 crores through a Mainline IPO. The price band is fixed between ₹114 to ₹120 per share, with a minimum market lot of 125 shares.
Manba Finance Limited is a Non-Banking Financial Company-Base Layer (NBFC-BL) offering financial solutions for new two-wheelers (2Ws), three-wheelers (3Ws), electric two-wheelers (EV2Ws), electric three-wheelers (EV3Ws), used cars, small business loans, and personal loans. As of March 31, 2024, the company manages loans with an AUM size exceeding ₹900 crores. Manba Finance stands out as one of India’s top financial solution providers, particularly for customers seeking quick turnaround times (TAT) for loan approval and disbursement.
The latest GMP for the Manba Finance IPO is ₹64, as of September 23, 2024. Based on a price band of ₹120, the estimated listing price is ₹184 (cap price + current GMP), with an expected gain/loss per share of 53.33%.
We provide daily GMP updates, and based on the last three sessions’ grey market activity, no significant movements have been observed in the GMP. This trend is expected to continue until listing day. Stay tuned for daily updates on the Manba Finance IPO GMP and expected listing price.
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Manba Finance IPO GMP Live Rates day by day with Kostak rates
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Estimated Listing Price |
| 23-09-2024 | 120 | ₹64 | 6100/85400 | ₹184 (53.33%) |
| 22-09-2024 | 120 | ₹60 | 5700/79800 | ₹180 (50%) |
| 21-09-2024 | 120 | ₹60 | 5700/79800 | ₹180 (50%) |
| 20-09-2024 | 120 | ₹60 | 5700/79800 | ₹180 (50%) |
| 19-09-2024 | 120 | ₹0 | — | ₹120 (0%) |
| 18-09-2024 | 120 | ₹0 | — | ₹120 (0%) |
| 17-09-2024 | 120 | ₹0 | — | ₹120 (0%) |
IPO Grey Market Premium (GMP)
The grey market premium (GMP) refers to the price at which an IPO is traded in the unofficial or unregulated grey market before it is listed. The GMP gives an indication of how a company’s IPO might perform on the day of listing. A positive GMP suggests the IPO may list at a profit, while a negative GMP indicates it could list at a discount.
However, it’s important to note that IPO GMP can be highly volatile. Making investment decisions based solely on the Manba Finance IPO GMP carries significant risk. Therefore, consider all factors before deciding whether to invest in the Manba Finance IPO.
Manba Finance IPO Dates
Stay updated with the latest information on the Manba Finance IPO. Dates will be posted as they are announced.
| IPO Activity | Date |
| IPO Open Date | 23-09-2024 |
| IPO Close Date | 25-09-2024 |
| Basis of Allotment | 26-09-2024 |
| Finalisation Date* | |
| Refunds Initiation* | 26-09-2024 |
| Credit of Shares | 27-09-2024 |
| to Demat Account* | |
| IPO Listing Date* | 30-09-2024 |
DISCLAIMER: The financial information provided here is for educational and informational purposes only and should not be interpreted as an offer to buy or sell securities or as investment advice. It is not intended to be used as the basis for any investment decision. Readers are advised to consult a qualified financial advisor before making any investment decisions. Any actions taken based on the information provided here are solely at the reader’s own risk. Please note that investing in equity markets carries inherent risks due to market volatility. The author has no intention of investing in this offering.
